Note7

South Korean giant Samsung Electronics on Monday said faulty batteries caused its popular Galaxy Note7 handsets to overheat and explode, a glitch that led to one of the biggest-ever recalls in the consumer electronics industry and put a significant dent in Samsung’s brand value. At a press conference in Seoul, company officials said exhaustive tests […]

Samsung Electronics Co. Ltd reported a 30% dip in its operating profit for the third quarter as compared to last year due to the Note 7 debacle. The company registered KRW 5.20 trillion ($4.5 billion) operating profit in the quarter through September compared with KRW 7.39 trillion a year earlier. The revenue fell to KRW […]